The government’s move to promote affordable housing by setting up a special fund is welcome. It will boost buyers’ sentiments and help revive the real estate market. We expected the government to give industry status to real estate sector, though its efforts to support infrastructural development is laudable.

As construction activities gain pace in the country, demand is likely to grow for high-productivity equipment, though traditional machines will also maintain their space. Equipment like excavators, motor graders, wheel loaders, paving machinery, etc.

CBRE South Asia has announced the findings of its latest India Office MarketView Report – Q3, 2017. While Gurgaon dominated leasing activity during the review period, Noida recorded a quarterly increase in absorption.

The three-day international conference and exhibition of the 15th edition of the Green Building Congress 2017 was recently inaugurated by Rajpal Singh Shekhawat, Minister for Industry, NRI and Government Enterprise, Government of Rajasthan.

Come August, a promoter as defined under RERA will be liable to register his real estate project to be able to offer the flats for sale. While the private sector is abuzz with activity, Maharashtra Housing and Area Development Board, City and Industrial Development Corporation of Maharashtra and their brethren too are covered by the definition of promote.

India's very own dream is Housing for All by 2022! While the government announced this mission in 2015, VBHC Value Homes (formerly known as Value and Budget Housing Corporation) was among those ahead of the curve - it started building affordable homes at Rs 9 lakh in 2012 in Mumbai in the belief that quality living should be within everyone's grasp.

Budget 2017-18 has given a new dimension to Affordable Housing by granting it ´infrastructure status´, prompting celebration among first movers in this segment. Among these is Brick Eagle, a financial services platform for the Affordable Housing industry, uniquely positioned to enable development by bringing together the essential elements required for housing supply and incubating companies to fill gaps in the ecosystem

This has been one of the pathbreaking budgets with far-reaching changes especially for the real estate sector. It is positive that the real estate sector has come in the central spectrum of the Union Budget. This has come at a time when the beleaguered sector has been looking at measures to boost the sentiments

The government believes that the impact of demonetisation is transient. The increased liquidity in the banking system and the increase in the net of taxable income for people and corporates, has resulted in the government stipulating an aggressive fiscal deficit of 3.2 per cent in 2017-18 despite the total increase in expenditure especially in the infrastructure and defence sectors, where the outlay has been increased by 10 per cent over the last year.